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Cutting expenses, redirecting those dollars

June 10th, 2015 at 06:05 pm

With a little bit of internet research, I was able to call my cell phone carrier and get them to drop my bill from $113 to $65/month plus tax. $40+/month savings for 20 minutes of my time. May end up dropping to an even lower plan when I have more time to do research, but it's a good start. After that, I googled advertised Comcast internet rates and called to ask why I was being charged so much more. They reduced my monthly bill from $80 to $50 and also credited back a $10 charge for a "home installation kit" I never received when I moved- I just used the old stuff from my last apartment and it worked fine. As part of moving I had to "pay ahead" several weeks, so the balance total for this month's billing cycle is $27.38. The new rate will show up next month.

June internet: 80 budgeted- 27.38 actual = 52.62 extra for student loans. Woo!

I'll leave the budgeted amounts for these services the same and just send the difference to debt repayment.

Otherwise the transfer from my old checking account and the leftover utility bill money for the month both hit the student loan account, plus the usual autopay:

Payments:
1484.02- old checking account
42.77- leftover utility budget
17.14- autopay
Interest: 16.17
Principal: 1527.76
Current principal balance: 10,563.31

After much internal debate, I did go ahead and transfer 100.00 to my Roth IRA for the month. This is a new line item in the budget. As much as I enjoy the immediate gratification of paying off debt, it will take years to pay off everything, and it doesn't make sense to miss out on after-tax retirement contributions at this age. (If you didn't read my earlier posts, that $10,500 account is just the tip of the student loan iceberg. Professional school ain't cheap.)

Currently on a decluttering kick - nothing like moving to make you look around and think, "Why do I have all this stuff?" Read an article a while ago about a popular organizer from Japan who tells people to look at every item in their home and ask, "Does this bring me joy?" If not, get rid of it. That seemed like good advice. I'm also selling some furniture I don't need anymore online. Nothing expensive, but I'll throw that at the loan if I find a buyer.

Other frugal minutia: Started using a drying rack for my laundry when possible, especially for towels. Really liking it so far. Found the birthday gift for a family member on Amazon, so I was able to use a gift card balance to cover it instead of cash. I would have gotten them the same thing either way, but this was a nice cashflow bonus. Just when my current work shoes became so worn they started rubbing my heels raw and had to be thrown out, I found an old pair in the back of the closet that have a few more months of use left in them. The theme for the last couple of weeks has been, "Use it up, wear it out, make it do or do without."

4 Responses to “Cutting expenses, redirecting those dollars”

  1. creditcardfree Says:

    You are definitely moving along on the loan! And I like that you are still paying some towards your Roth too.

  2. scottish girl Says:

    You're doing great!

  3. Suzanne Says:

    You might want to research Republic Wireless for cell service. It's $25 a month for unlimited calls, text and data. You do have to buy one of their phones which start at about $100.
    Suzanne

  4. Looking Forward Says:

    Great job!
    Look at Ting wireless. That's what many of us here have switched to.

    When I was on it by myself my bill was $16/mo with a smart phone!!
    Now I have my DH and DD and myself - all with smart phones - and our bill averages $65/mo without even trying to limit our usage.

    I have a referral code on the sidebar of my blog that will get you a discount. If you want to wait they usually do a Black Friday weekend sale where you can save even more.

    Keep up the good work! Smile

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